🚀🐱📈 The Rebirth of Memecoin? POPCAT And MEW Lead With 20% Increase

During this bull run, cat-themed tokens like Cat in a Dog's World (MEW) entered the top 10 memecoins. Other cat-inspired tokens like Popcat (POPCAT) and Wen (WEN) had a great week as the collaboration increased their price by 20% overnight.

✔️Is Bitcoin Behind the Rise of Memecoin?

In recent years, Dogecoin (DOGE) and Shiba Inu (SHIB) have dominated the memecoin market. Bonk (BONK) and dogwifat (WIF) have been hot topics and top performers throughout this bull cycle.

Bonk is up 4291% since January 2023, while WIF is up 1512% since December 2023. PEPE and Book of Meme are also doing well.

Top crypto experts like Alex Krüger and Altcoin Sherpa say Bitcoin (BTC) and memecoins have dominated this cycle. However, their performance is often significantly correlated with BTC.

✔️ Cat Themed Memecoin Leading With Popcat

Although dog-inspired tokens dominate the memecoin market, cat-inspired tokens are gaining popularity. Cat tokens have increased nearly 20% in 24 hours, while dogs' tokens have increased only 3.7%.

The growth of the cryptocurrency market has been led by cat-themed memecoins in recent days. For example, Popcat bucked its recent recovery and entered the top 10 memecoins.

Popcat, which appears to be gaining a following, posted double-digit gains this week. According to SolanaFloor, the coin quickly toppled BOME with a market valuation of $570.3 million.

Memecoin researcher Murad predicts Popcat will rise to $5-10 as the “Crowned Top Cat.” The trader specified multiple targets, including a long-term scenario of $20, as the coin surpassed its ATH of $0.618 on Thursday.

MEW became the eighth largest memecoin by market capitalization a month ago, alongside dogs. Monthly and weekly discounts of 51.8% and 28.4% respectively have been difficult for the lonely cat ever since.